Working capital financing . .
. even when your bank says No.
Typical
Range of advances based on assets
|
A/R:
P.O.s:
Inventory:
Equipment:
Real Estate:
Personal Collateral: |
Up to 90% advance on
eligible A/R
Usually 60% of material costs plus labor
Raw materials 10 - 60%
Work in progress 10 - 60%
Finished goods 25 - 65%
60 - 75% liquidation / 80% purchase price
70 - 75% of Appraised Value less mortgage
Will be considered if needed |
Asset based loans are
made on a formula basis on assets. Eligible companies will need to
demonstrate
 A reasonably professional management
Good bookkeeping
A product and business model that makes sense
Willingness to have assets audited
Terms/Cost
Six months to 3 years.
It is practically impossible to give rates without an evaluation of
the company's risk level, loan amount, and assets used. It
will be based on the Prime Rate plus a percentage dependent on the
above factors.
View and print our
Asset Based Loans Financing Worksheet:
Click Here for Adobe pdf version: Asset
Based Loans
Financing Worksheet
Click Here for
Microsoft Word Version:
Asset Based
Loans Financing Worksheet
Contact us today to discuss if Asset Based Lending is appropriate
for your business.
(727) 573-5533 or Toll free (800) 663-7517
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